GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
experienced before. Where experience, efficiency & integrity meet.

MarketMinute | How Are Builders Feeling About The Market?

MarketMinute | How Are Builders Feeling About The Market?

Stocks continued to sell off in anticipation of an economic slowdown expected with future Fed actions, helping mortgage rates this week. Retail spending increased 0.9% in April, despite inflation. This 4th straight monthly increase signals the economy is still strong. Unemployment claims rose last week to 218K, the highest since January. However, continuing claims fell to the lowest level since 1969. Existing home sales dropped in April to the lowest level since the start of the pandemic due to the ongoing lack of inventory....

READ MORE
MarketMinute | ARMS Are Up

MarketMinute | ARMS Are Up

Inflation expectations for the next year fell to a median 6.3% in April, a 0.3% decrease from the record high the previous month. However, producer prices rose 11% in April, signaling continuing elevated consumer inflation in the near future. Last week's jobs data showed slightly more jobs than expected added in April in an increasingly tight labor market and despite surging inflation. Purchase mortgage applications rose 5% over the previous week. Although apps were down 8% from a year ago, that number is shrinking....

READ MORE
Debt Consolidation Calculator

Debt Consolidation Calculator

  Did you know that interest savings may be hiding in your mortgage? When you think of a mortgage loan, you typically think of interest costs . But if you consolidate other debts into your mortgage, you can start thinking of interest savings instead. Most consumer debt carries a higher interest rate than home financing. If you access cash to pay off some of those debts – even at a slightly higher interest rate than your current mortgage – you can still save on overall interest expenditures. And if you use your monthly savings to pay extra on your principal each month, you can pay off your mortgage faster and save even more. Try Our Debt...

READ MORE
Greenway’s NJ Conventional Down Payment Assistance Program

Greenway’s NJ Conventional Down Payment Assistance Program

  If you’re a first-time home buyer looking to purchase a home, then you’re familiar with the high ticked price tags these homes come with. They have certainly skyrocketed. It’s common to feel discouraged and to feel as if homeownership is out of reach these days, but we’ve got good news. Luckily, there’s a wealth of homeownership programs in New Jersey that help home buyers secure a mortgage, make a down payment, cover closing costs, and more. The state of New Jersey now offers a conventional version of their down payment assistance program for first-time buyers . Now, qualified clients can receive $10,000 to be used towards the down payment and...

READ MORE
MarketMinute | Is Now A Good Time To Buy A Home?

MarketMinute | Is Now A Good Time To Buy A Home?

The Fed raised policy rates 0.5% this week. The move will increase short term rates like car loans, some home equity loans, and credit card rates. The Fed rate increase does not directly increase mortgage rates though. Mortgage rates moved higher already in anticipation of Fed action. Concerns that intense labor demand could spark further wage increases has investors worried the Fed won't be able to curb inflation. A recent Gallup survey showed just 30% of adults think now is a good time to buy a home, the first time it...

READ MORE
Showing results 36 - 40 of 492
  • Readers Choice Winner 2018
  • Readers Choice Contest 2017
  • Mortgage Banker Association Member